Tempur Sealy, Mattress Firm seek to pause FTC case

Quick Summary:

The mattress maker and retail companies say being forced to litigate both a federal court case and an FTC challenge would cause undue financial hardship.

It plans to use the loan proceeds, along with cash available and proceeds from other debt, to fund the cash consideration for its acquisition of Mattress Firm.

In its court challenge, the FTC said Mattress Firm “is the single most important retail channel for mattress brands.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Sales Court Tempur Mattress Administrative Firm Deal Block Challenge Acquisition Sealy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 08:47:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23514978

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Official Website: retaildive.com

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